earnings
confidence high
sentiment negative
materiality 0.70
Skyward Specialty commutes LPT, reports preliminary Q4 GWP up 21%, net income $14.4M; provides 2025 guidance
Skyward Specialty Insurance Group, Inc.
2024-FY EPS reported
$2.87
revenue$1,150,200,000
- Commuted LPT with R&Q Re, received $11.7M cash; strengthened reserves $25.3M, recognized $9.8M uncollectible reinsurance recoverable (net of tax).
- Preliminary Q4 2024: gross written premiums $388.4M (+20.8% YoY), adjusted combined ratio 91.6% (incl. 2.2 pts catastrophe).
- Q4 net investment income $20.7M; net income $14.4M; adjusted operating income $33.2M.
- 2025 guidance: net income $138M-$150M, combined ratio 91%-92% (incl. 2.0-2.5 pts catastrophe).